One of the world's top 500 Dutch DSM companies has acquired Asia's largest ultra-high molecular weight polyethylene fiber production company, Shandong Aidi Polymer Materials Co., Ltd. (hereinafter referred to as “AiDi Companyâ€) in China. The head of Alibaba.com General Office told reporters that DSM has signed an acquisition agreement with AiDi Corporation and has a majority stake. Both assets and stocks will be completed in 2011. The Dutch DSM Group has more than 100 years of history. With subsidiaries in five continents, it is a world leader in nutrition products, APIs, performance materials and industrial chemicals, with annual sales of approximately EUR 9 billion. Located in Laiwu, Shandong, Aidi Company was founded in August 2005 and covers an area of ​​20 hectares with a registered capital of 485 million yuan. For the reasons why DSM bought the company, AiDi company insiders said that the company's annual output of 5,000 tons of ultra-high molecular weight polyethylene fiber project is under construction. Once the project reaches production, the company will become the invisible champion in this field in China, with the production capacity ranking first in Asia and second in the world. The project is currently under construction and will soon be completed soon. By that time, annual sales income will be 1.25 billion yuan, and profits and taxes will be 670 million yuan. Ultra-high-molecular-weight polyethylene fiber is one of the three high-performance fibers in the world today. It is currently the world's highest-strength fiber and is widely used in aviation, aerospace, armor, and human protection and Other defense fields; as well as marine development, offshore fishing, and ropes. Nets and other civilian fields are important raw materials for the country’s important strategic materials and new materials. According to expert research and prediction, the demand for this product will reach more than 100,000 tons per year in the next 10 years. DSM stated that they have devoted a lot of time and energy to finding suitable partners for the acquisition. Aidei has the potential to occupy a strong position in the market. It is reported that after DSM merges and purchases AiDi Company, it will relocate 4 production lines of Guangzhou Xinda Chemical Fiber to Aidi Polymer Company. By then, the company's high-performance fiber production capacity will be further expanded. Pipe Fitting,Stainless Steel Threaded Pipe Fittings,Threaded Pipe Fittings East Well Valve Co., Ltd. , http://www.shballvalve.com